Setubandhan Infrastructure Ltd

Setubandhan Infrastructure CIRP Update: Key Developments & Compliance Challenges ⚖️

- CIRP initiated on 28 Nov 2022 by NCLT Mumbai on SBI's application under IBC Section 7

- Sandeep D. Maheshwari appointed as IRP, later confirmed as RP by CoC on 28 Dec 2022

- CoC-approved resolution plan rejected by NCLT on 24 Mar 2025; appeal filed with NCLAT on 09 Jul 2025 (pending)

- NSDL, CDSL, and RTA stopped services due to unpaid fees by former management

- Compliance reports for Dec 2025 quarter not submitted due to service provider issues

- Company exempt from certain SEBI LODR Regulations (17-21) during CIRP